Leading global provider of financing and goods to low-income consumers, d.light, announces the conclusion of a $176 million securitization facility. African Frontier Capital (AFC) will supply the funding, which will be used to buy receivables in Tanzania, Kenya, and Uganda.
With the utilization of this facility, d.light will be able to expand its PayGo consumer credit service and make solar-powered items more accessible to low-income households and communities wit.... Read more »
Posted on : Monday , 22nd July 2024
In order to meet the increasing demand, the investment manager emphasizes the necessity of capital investment in the establishment of sustainable forest plantations and wood processing enterprises.
According to New Forests, a global investment company that specializes in nature-based assets, investors in sustainable forestry are seeing new opportunities to diversify their portfolios as a result of the rising demand for timber products in sub-Saharan Africa.
The ti.... Read more »
Posted on : Friday , 12th July 2024
Tanzania and Uganda are two of Ampersand's planned expansion markets. Ampersand is an electric motorcycle manufacturer and supplier. Weeks after the Rwanda-based company and China's BYD secured an agreement for the production of 40,000 e-motorcycles in Rwanda and Kenya, the ambitious ambitions have been announced.
Since its founding in 2016, Ampersand has built and installed e-motorbikes in Rwanda and Kenya in addition to running its own network of charging statio.... Read more »
Posted on : Wednesday , 10th July 2024
With great pleasure, Multitrade 3D Systems announces its relationship with MX3D, a prominent provider of Robotic WAAM (Wire Arc Additive Manufacturing) technology. This partnership designates Multitrade 3D Systems as MX3D's official sales partner in the Sub-Saharan Africa market. Through this partnership, Multitrade's metal additive manufacturing offering is strengthened, and MX3D gains a strong local market presence.
A comprehensive solution for quick WAAM adoption and high-.... Read more »
Posted on : Friday , 5th July 2024
Kenya has been an important player in the East African area and a developing hub for the global beauty industry in recent years. Kenya's beauty and personal care market is expected to increase at an annual rate of 6.78% with a current valuation of $2.3 billion, according to Statista. Kenya is beginning to emerge as a beauty hotspot in the region, with major competitors like Ethiopia, which is predicted to generate up to $5.12 billion in revenue by 2024, in comparison to other well-k.... Read more »
Posted on : Friday , 5th July 2024
Recently, two new Master M6 inline flexo presses with oneECG and DigiFlexo automation were added by the Nairobi-based converter.
Platinum Packaging has incorporated two automated Bobst Master M6 inline flexo presses with oneECG technology, departing from its prior operational approach. This calculated investment was made by the Kenyan flexible packaging expert to streamline its operations and production floor.
The Nairobi-based business s.... Read more »
Posted on : Friday , 5th July 2024
Tanzania, a country renowned for its majestic wildlife and stunning landscapes, is now making a name for itself in the wine import industry. The recent surge in wine imports is not just a testament to the changing tastes of Tanzanians but also highlights the positive economic and cultural impacts on the nation.
Tanzania's wine import market has expanded significantly; in 2022–2023, imports were $16.1 million. The economy of the country is being greatly boos.... Read more »
Posted on : Friday , 5th July 2024
Tanga, a memorandum of understanding (MoU) was signed by the Tanga City Council and the Tanzania Horticultural Association (Taha) to commercialize the spice sector in Tanga.
Taha CEO Ms. Jackie Mkindi and Executive Director of the Tanga City Council Dr. Frederick Sagamiko presented bold ideas to fortify this relationship during the signing event on July 2 in Arusha.
Offering substantial assistance to farmers and other parties involved in the hor.... Read more »
Posted on : Friday , 5th July 2024
A brand-new refrigerated vehicle has been delivered to Tanzania, offering increased capacities and efficiency for enterprises operating in this part of the country. The arrival of this cutting-edge vehicle is a critical step towards enhancing the nation's infrastructure and economic prosperity.
The refrigerated vehicle, which features innovative cooling technology, is a game changer for Tanzanian construction and maintenance enterprises. It facilitates the transpo.... Read more »
Posted on : Friday , 5th July 2024
A significant Strategic Power Partnership has been established between the Government of Rwanda and ARC Power, a prominent renewable energy developer in the United Kingdom. By creating grid extensions and distributing grid-tied solar generating units, or ARCs, throughout Rwanda, this historic partnership seeks to greatly improve the country's energy accessibility. As a result of the project, Rwanda's clean energy mix will be greatly increased and at least 40,000 homes, businesses, a.... Read more »
Posted on : Thursday , 4th July 2024
LXinstruments GmbH are currently initiating a new photovoltaic project in collaboration with the time2help association, whose mission is to boost the future opportunities of children and families in Arusha, Tanzania.
The association aims to provide families an opportunity to use solar energy, specifically Lights!
When the sun sets, Tanzanians use kerosene lights or candlelight to work, study, read and so on. This is not only expensive, but also exceedingly harmfu.... Read more »
Posted on : Thursday , 4th July 2024
Kiambu County Government has launched the first photovoltaic lighting project in Fort Jesus, Ruiru Sub-County, Kiambu.
Governor Kimani Wamatangi, CECM of Lands, Housing, Physical Planning and Municipalities, Ms. Salome Muthoni and local MCAs introduced comprehensive solar street lights as a component of the urban transformation strategy.
Addressing Fort Jesus locals, Wamatangi said that the first 35 solar street lights have been launch.... Read more »
Posted on : Thursday , 4th July 2024
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